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Wednesday, March 30, 2005

POGGE asks the question 

The US economy is Canada's very own 600 pound gorilla, living right next door, too.
POGGE writes a post about the growing protectionist panic in the US - which will get worse, I would think, as their gas prices triple and their housing bubble bursts because their interest rates rise. In Playing chicken with China POGGE asks: "So where does that leave Canada? If the real goal of those who are pulling the strings in the U.S. is to see the American dollar slide more quickly, pushing our own dollar up in relation to it, we lose a big advantage in our trade with the U.S. If there's serious discussion of using protectionist measures to protect American jobs we could see even more disputes like softwood lumber. And if the Americans gamble and lose or fail to act soon enough -- if financial meltdown occurs -- it only gets worse. This is the economy which John Manley and Tom d'Aquino -- not to mention Paul Martin -- want us to depend on even more than we already do. Is there a Plan B?"

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